Economic Development Bill Dies

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An economic-development package called Momentum Mississippi died in the Mississippi Legislature Wednesday, but officials say there may be attempts to revive elements of the plan later during this legislative session.

Gov. Haley Barbour had promoted the package as a way to update Mississippi's incentives to attract new businesses and help existing industries expand.

A Momentum bill died when the House voted to adjourn by a 63 to 53 margin, without considering the bill before Wednesday's deadline.

"I'm floored that the House leadership would turn its back on job creation for Mississippians. I'm even more flabbergasted that the Speaker and the Chairman of the House Ways and Means Committee at 1:15 p.m. today told my Chief of Staff that the House would take up the Momentum Mississippi bill this afternoon," said Barbour.

A similar bill had died earlier in the Senate Finance Committee because senators were relying on using the House version of the bill.

House Speaker Billy McCoy says some House members wanted to give the governor too much control over offering companies incentives for growth.